FIFA’s ex­tra­or­di­nary rev­enue fig­ures

Financial Mirror (Cyprus) - - FRONT PAGE -

Seven se­nior FIFA of­fi­cials were ar­rested by Swiss po­lice last month in a raid in Zurich on cor­rup­tion charges. The sus­pects al­legedly ac­cepted bribes worth $100 mln over the past 20 years, though Sepp Blat­ter, FIFA’s out­go­ing pres­i­dent, was not among them. He was re-elected to a fifth term last week, but later de­cided to step down.

The ar­rests have been made on be­half of au­thor­i­ties in the United States and the in­di­vid­u­als now face ex­tra­di­tion. In all, 14 of­fi­cials have been charged. FIFA has man­aged to weather nu­mer­ous storms of cor­rup­tion in the past but th­ese ar­rests in Zurich are cer­tain to plunge the or­gan­i­sa­tion into fur­ther tur­moil.

FIFA cer­tainly gen­er­ates an as­ton­ish­ing amount of rev­enue. The tax ex­empt non-profit or­gan­i­sa­tion, buoyed by suc­cess of the 2014 World Cup, gen­er­ated a record $2 bln in rev­enue last year. Com­pared to just ten years ago, FIFA’s rev­enue fig­ures are ex­tra­or­di­nary. In 2006, when Ger­many hosted the World Cup, rev­enue “only” amounted to $749 mln. (Source: Statista)

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